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Covenant Trans-A Shares Down 23.5% Since SmarTrend's Sell Call (CVTI)

By Nick Russo

SmarTrend identified a Downtrend for Covenant Trans-A (NASDAQ:CVTI) on October 1st, 2019 at $16.08. In approximately 4 months, Covenant Trans-A has returned 23.48% as of today's recent price of $12.30.

In the past 52 weeks, shares of Covenant Trans-A have traded between the current low of $11.97 and a high of $24.99 and are now at $12.30. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.7%.

Covenant Transportation Group, Inc. operates as a truckload carrier. The Company offers temperature-controlled transportation service for shippers primarily in the frozen food and consumer products industries. Covenant Transportation Group serves customers in the United States.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Covenant Trans-A.

Log in and add Covenant Trans-A (CVTI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights covenant trans-a

Ticker(s): CVTI